Kazakhstan and UAE to Prepare Joint Project for Polyethylene Production

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Kazakhstan and UAE have agreed to prepare a joint project for polyethylene production. reports the Ministry of Energy of Kazakhstan.
A memorandum on cooperation between the Unified Chemical Company ltd and Mubadala (UAE) was signed on May 23 2017 in Astana which will prescribe development of the draft project with technical and economic parameters. reads the message.
The Ministry of Energy reminded the official visit of Nursultan Nazarbayev. President of Kazakhstan. to the United Arabic Emirates took place on January 14-16 2017. In the result of the agreements between the heads of states and Governments the parties initiated negotiations on cooperation in the petrochemical field.
Kanat Bozumbayev. Minister of Energy of Kazakhstan and Suheilo Muhammed al-Mazrui. his colleague from UAE. have conducted a number of negotiations.
The result of work is the agreement on joint performance of polyethylene production project in Kazakhstan. reads the message.
The industry is going to be based on the territory of the petrochemical zone in Atyrau region. which provides special legal regime. tax. customs and other preferences.